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You have come across a lucrative opportunity in the business of reselling concert tickets. By acquiring a large number of tickets well in advance of

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You have come across a lucrative opportunity in the business of reselling concert tickets. By acquiring a large number of tickets well in advance of the event, you can subsequently resell them at a significantly higher price the night before, For a typical concert, the demand amounts to around 800 tickets, with a standard deviation of 90 tickets. Since you acquire the tickets early, your purchase cost is a mere $20 per ticket. However, when you sell them (often on the night of the concert). you are able to fetch a price of $45 per ticket The concert venue has taken notice of your operations and is interested in collaborating with you to sell tickets. As part of their proposal, the venue suggests a revenue sharing agreement of 20% in return for reimbursing you with $10 for each unsold ticket. A) How many tickets would you order without the venue agreement? B) Hew many tickets would you order if you accepted the venue's agreement? c) Which scenario is more profitable for you if you assume all purchased tickets end up being sold? D) Which scenatio is more profitable for the concert venue if you assume all purchased tickets end up being sold

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